Third Point LLC, the hedge fund firm run by activist investor Daniel Loeb, has settled U.S. regulatory charges that it failed to properly seek antitrust clearance while it built a big stake in Yahoo in 2011.

Citigroup has agreed to pay nearly $180 million to settle SEC allegations that two of its affiliates made false and misleading representations about two debt hedge funds before they imploded during the financial crisis.

Former hedge fund portfolio manager Steven Hart was sentenced to four months in prison yesterday for lying to regulators and obstruction of an SEC probe that included impersonating his boss on phone calls with the SEC.

The U.S. Justice Department asked the Supreme Court on Thursday to reverse a federal appellate court's insider trading ruling, calling it a "roadmap" for potential criminals that undermined efforts to ensure the "integrity of the security markets."

A federal judge has boosted the amount Chesapeake Energy must pay to investors whose bonds it redeemed early, adding an additional $59.1 million to the $379.7 million it was ordered to pay last week for missing a notification deadline.

From the current issue of

Forecasting markets has always been fraught with danger for analysts and traders alike. MODERN TRADER has dedicated issues detailing the pitfalls of following so-called markets gurus. Too often these market experts are allowed to flaunt their winning forecasts and let their losers fade into the background.